Block-Chain: An Evolving Technology

Affiliations

TCS, Analytics and Insights, Bangalore, Karnataka, India

Abstract

Now a days, the people are attracting towards the digital currency due to demonetization, rapidly changing world, and global payment options etc. The industries are looking for such a technology which works in digital currency environments with the account of all the transactions. In this paper, we have discussed Blockchain technology, an evolving technology, which provides an assistance to the industries in digital currency environment with the record of each transaction. We have discuss the various types of blockchain with the core concept of hashing algorithm. We have discussed the application of blockchain in different industries and how it can make the significant impact on the business. The paper also focuses on the challenges of blockchain which are required to address before implementation. Therefore, this paper provides an insight on the blockchain technology with the fear and smile of beginning of new era of transparency.